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Small business loans

All ⁷
Manage your finances ⁵
Growing your business ¹
Day to day hustle ¹

08 May 2019

Manage your finances
$30k instant asset write-off
Cash flow
End of financial year
Eofy
Equipment purchases
Finance
Growth
Inventory purchases
Small business loans

Popular uses of small business loans at EOFY

08 May 2019

23 Oct 2018

Day to day hustle
Brokers
Cash flow
Small business loans

Why and how brokers should diversify into cash flow lending

23 Oct 2018

11 Oct 2018

Manage your finances
Cash flow
Finance
Nsw small business month
Small business loans

Small Business Month: Housekeeping list

11 Oct 2018

24 Sep 2018

Manage your finances
Cash flow
Loan repayments
Small business loans

Tips for managing small business loan repayments

24 Sep 2018

12 Sep 2018

Growing your business
Business mentors
Guide
Small business loans

The complete guide to finding a small business mentor

12 Sep 2018

04 Sep 2018

Manage your finances
Business finance
Finance
Funding
Small business loans

You have choices! How to choose finance for a growing business

04 Sep 2018

Prospa solutions

Prospa
Small Business Loan

Quick access $5K - $150K

Learn more

Prospa
Business Loan Plus

Larger loans $100K - $500K

Learn more

Prospa
Line of Credit

Ongoing access to funds up to $150K

Learn more

Get started

Which product are you interested in?

Apply for funds

Small business lending to match your business needs

Open an account

A business transaction account. For existing Prospa customers.

Compare our products

Select Product #1

Small Business Loans
Business Loan Plus
Line of Credit

Select Product #2

Small Business Loans
Business Loan Plus
Line of Credit

Best for when you need

Fast access to funds

Funds for bigger plans

To build cash flow confidence

Fast access to funds

Funds for bigger plans

To build cash flow confidence

Eligibility

6 months minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

3 years minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Minimum 2 years trading history
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

6 months minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

3 years minimum trading history applies
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Minimum 2 years trading history
Over $6K monthly turnover
Active ABN and valid driver’s licence
Good credit history

Asset security

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

No upfront property security for up to $150K in Prospa funding

Security may be required when accessing over $150K in Prospa funding

No upfront property security for up to $150K in Prospa funding

Loan size

From $5K to $150K

From $150K to $500K

From $2K to $500K

From $5K to $150K

From $150K to $500K

From $2K to $500K

Loan term

Both products are Up to 3 years

Both products are Up to 5 years

2 years, with option to renew

Both products are Up to 3 years

Both products are Up to 5 years

2 years, with option to renew

Interest

Both products do not require Asset security Fixed interest rate

Fixed interest rate

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Both products do not require Asset security Fixed interest rate

Fixed interest rate

Both products do not require Asset security Interest calculated on the funds you use, not on the limit.

Payments structure

Both products can be repaid in a Receive your full amount as a lump sum

Both products can be repaid in a Receive your full loan amount as a lump sum

Use and reuse as often as you like during the 24 month renewable term

Both products can be repaid in a Receive your full amount as a lump sum

Both products can be repaid in a Receive your full loan amount as a lump sum

Use and reuse as often as you like during the 24 month renewable term

Repayment frequency

Both products can be repaid Weekly

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.046%

Both products can be repaid Weekly

Both products are repaid weekly Only pay interest on what you use + weekly service fee 0.046%

Online access

Both products can be accessed through the Prospa App and Prospa Online

Dedicated lending specialist

Visa debit card not available Yes

Yes

Visa debit card not available Yes

Yes

Visa debit card

Dedicated lending specialist not available No

Apply now Read more

Apply nowRead more

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Call us on 1300 882 867

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Call us on 1300 882 867

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By clicking submit I agree with Prospa's consent information and privacy policy.

Thanks for contacting us! We will get in touch with you shortly.

Talk to a specialist

Our lending specialists are usually in contact with you within the next 2 hours. Need an answer now?

Call us on 1300 882 867

We’ve received your details.

We’ll be in touch soon. In the meantime, get a head start with a few business questions.

Contact information

Business Details

First name ^{*required field}

Last name ^{*required field}

Phone number ^{*required field}

Email address ^{*required field}

By clicking continue I agree with Prospa's consent information and privacy policy.

Search by ABN, ACN or legal trading name:

How much are you looking for? ^{*required field}

Monthly revenue ^{*required field}

How will you use the funds? ^{*required field}

Back

By clicking submit I agree with Prospa's consent information and privacy policy.

Back

By clicking submit I agree with Prospa's consent information and privacy policy.

Thanks for contacting us! We will get in touch with you shortly.

Talk to a specialist

Our lending specialists are usually in contact with you within the next 2 hours. Need an answer now?

Call us on 1300 882 867

What can we assist with?

Business Loan

Line of Credit

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Categories

Content types

Topics

Industries

Prospa solutions

Partner blog

Inside Prospa

Small business loans

Popular uses of small business loans at EOFY

Why and how brokers should diversify into cash flow lending

Small Business Month: Housekeeping list

Tips for managing small business loan repayments

The complete guide to finding a small business mentor

You have choices! How to choose finance for a growing business

Prospa Small Business Loan

Prospa Business Loan Plus

Prospa Line of Credit

Prospa
Small Business Loan

Prospa
Business Loan Plus

Prospa
Line of Credit